KARACHI: The All Sindh Sarafa and Jewellers Association (ASSJA) on Tuesday increased per tola and 10-gram gold prices to Rs105,900 and Rs90,792, up by Rs1,000 and Rs857 respectively.

However, the price of gold in the international market remained unchanged.

Explaining the rationale behind the increase in prices, ASSJA President Haji Haroon Rasheed Chand said that investor interest had increased in yellow metal, raising the demand for the commodity. Meanwhile, the losing value of rupee against the dollar is also putting pressure on local prices.

The recent price hike has pushed the gold prices in the country to their highest level as the ASSJA quoted ‘unchanged world gold rate at $1,776 per ounce.’

Published in Dawn, July 8th, 2020